December 11, 2025 • 35 mins
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Transcript
Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:00):
By from higha top Monroe Center in downtown Grand Rapids.
We're talking about what matters most to you when West
Michigan joined the conversation. Now at six one six seven
seven four twenty four twenty four. At six one six
seven seven four twenty four twenty four, it's West Michigan
Live with Justin Barklay on Wood Radio RADIOW.
Speaker 2 (00:21):
Welcome man, it is another big one, a day full
of headlines. We will make sense of it all for you,
So don't go anywhere. You're gonna want to stick with us.
You know, we get big news out of the Fed yesterday. Raightcuts. Yeah,
the ray cuts the big headline, but their story behind
(00:45):
the story that you're gonna want to hear about. In fact,
I want to share that with you. Coming up. Our
good friend Dave Galloway says, Yeah, that's one thing you
can see is the the headline on the ray cut,
But it's what's happening behind the scenes, what matters.
Speaker 3 (01:00):
Trust stories of the day.
Speaker 1 (01:04):
We were talking about what matters most in West Michigan and beyond.
This is the Big Three.
Speaker 3 (01:12):
Now say speak free and.
Speaker 2 (01:13):
That we'll cut through the noise the clutter to break
it all down for you. Coming up at about nine
to thirty five this morning with our good friend Dave
Gataway in the meantime, Heartland Homework each and Dave powering
our Big three each and every day you want to
buy refine on equity line of credit, they'll give you
all the details, the scoop as it were, what you
(01:36):
need to know. Look it it's been I don't know
years now, but I've been telling you about the folks
at Heartland Homeworks. When I first told you, I said,
there's never been a better time to buy or refine.
And then we went through a bit of an off
period where folks got those rates so good. You know,
you saved thousands if you listen to that advice. Now
(01:58):
is the time to reach out again and see if
they can save well other folks. Maybe you're in that boat.
Things are heating up, and he'll give you advice today
or anytime you reach out of HHM lending dot com
faster better than the big banks. They've got Away on
the team standing by to make sure they take care
(02:20):
of you.
Speaker 3 (02:20):
Well.
Speaker 2 (02:21):
They've seized a tanker. It's it's a big one. It's
one of the biggest stories of the day. In fact,
a tanker seized from Venezuela, Holy smokes full of oil.
And now they're calling Trump a pirate, which I kind
of like because I can see him getting into it.
(02:42):
I can see the memes coming already with the eye
patch and the rest of it. You know, maybe they'll
make him look like Johnny Depp at some point. I
just I can't wait to see. I can't wait to
see what they end up doing with this. Well, it's
it's well, there's more to the story. Let me just
put it that way. Didn't what they're telling us forces
(03:04):
have grabbed this giant sanctioned tanker. That's the key word,
and the word i'd say mostly being left out of
all the reporting on this. This whale coming from Venezuela
headed to Iran is sanctioned and they have been sort
of flying under the radar for quite some time now.
(03:26):
There's roughly one point eight million barrels on board the
crew there headed towards Cuba. Trump shrugging the America would
keep the oil, Maduro raging, calling it piracy. As I mentioned,
I cannot wait to see what they're going to do
with these, with these memes. But if they sanctioned the
oil and the tanker was flying a false flag, and
(03:50):
they were using other maneuvers and strategies to evade detection.
Sounds like Venezuela isn't as clean as they want to
appear in the news media. Would like for you to
think as well, critical context to a story that's probably
missing most of the other places you hear it. Reported
(04:12):
FED taking a quarter yesterday. Interest rates now in the
cut three and a half to three and three quarter percent,
the lowest in nearly three years, third cut in a row.
Inflation about two point eight percent. Job market is cooling,
so they say they're trying to protect jobs on prices
are still high. The committee sharply split, though some wanted
a bigger cut, some wanted no cut at all. FED
(04:35):
also about to start buying forty billion in the US
treasuries again. Dave Gataway breaks it all down, having up
at nine to thirty five, and they got a couple
of bills about to hit the floor right now. Democrats
want to extend Obamacare subs as the expanded subs that
he's under the Biden administration for the next three years.
Republicans have a plan, though, to send money straight to
(04:56):
you in sort of an HSA account, both of those
making their way either to the floor and up for
a vote at some point. And it's gonna get funky
soon if you If you think it already hasn't, just
wait there's more all right, back in in into it,
(05:21):
into the swing of things with stories. Yes, I've got
the big U of M story. I want to tell
you a little bit about it and a little bit
about what you're not hearing just yet. So stand by
for the latest in just moments, and you can join
the program at any time. Jump on the horn or
on the iHeartRadio app, click that little microphone button next
(05:41):
to a play button and let.
Speaker 1 (05:42):
It Ripcall Justin now at six one six seven seven
twenty four twenty four. That's six one six seven seven
twenty four twenty four West Michigan Live with Justin Barclay
on News Radio Wood thirteen hundred and one oh six
nine f M.
Speaker 2 (05:57):
Yes, I I've seen the headlines and it's a heck
of a story. Out of a job and in jail
the head coach of the University of Michigan and apparently
an inappropriate relationship with a staff member. What we're learning
about who it was, and what exactly they're up to
(06:19):
is well, I s that's more and more of the
story continues to peel pour out. There's just little bits
and pieces on places like Twitter, but that's nothing really
massive confirmed when it comes to police reports and full
story from the There are pieces of this that you're
(06:41):
gonna hear, and then you're gonna hear more and more
of it. I will just tell you this, It is
one of the saddest. It is one of the most
unfortunate stories that you're gonna hear, maybe not just in sports,
but in the news altogether. A guy who seemingly had
it on the surface, all had it all, and lost
it in one just blink of an eye. Jeron Moore.
(07:10):
It's interesting because the Bible warns about this type of
thing and how quickly, how quickly things can turn, and
how bad it can get. So apparently, from what we know,
there was an individual he was having a relationship with
on the staff. Looks like some sort of promotion occurred
(07:32):
out of it. I've got to talk around it because
I'm just not sure exactly officially what canon cannot be
said at this point. And there's there's there's you're going
to hear it from lots of other people today, So
it really doesn't matter whether you hear it from me first.
I'd rather be right than then than than wrong on
(07:54):
some of this. Here's ESPN with a little bit of this.
I want to say, this was probably yesterday, last evening.
Speaker 4 (08:02):
Which you have been reporting throughout the day. Let's work
our way backwards with the timeline, which now includes a
police report that sheds a bit of light. What do
you understand about that timeline? As I say, working our
way backwards.
Speaker 5 (08:15):
Okay, So Michigan concluded an investigation into Sharon Moore earlier
Wednesday and determined with credible evidence that he had had
a inappropriate relationship with a staff member against university policy
and his own contract, and he was immediately fired for cause.
Speaker 2 (08:34):
But he's also in jail too. This is another piece
of this that just makes the whole thing get even crazy.
Rumors have been flying for the last week or maybe
more about this, and it's just now sort of coming
to light.
Speaker 5 (08:48):
Soon after that, at about four to ten pm, a
Pittsfield Township police just outside ann Arbor responded to a
call to residents where they were there to investigate an
alleged assault. Sharon Moore had left the place at that
time and was later detained, as you said, by the
Saline Police Department, which is another town a little bit
(09:12):
outside of ann Arbor, which then brought him back to
Pittsfield Township at eight forty tonight or eight thirty tonight.
Speaker 2 (09:20):
I'm sorry.
Speaker 5 (09:20):
He was brought to the Washingtaw County Jail where he
is in custody due to the alleged assault, and actual
charges will be determined by the Washingtaw County Prosecutor's Office
in the next day or so.
Speaker 4 (09:37):
All right, So those are the very serious issues.
Speaker 2 (09:40):
Now, there's lots of rumor and innuendo, and again I'm
not going to add into all of it just yet
because you'll hear more and it doesn't matter whether you
hear it from me or, like I said, anyone else.
At this point, there's lots of this stuff flying around
on the internet and it is just one of the
most absolutely tragedy endings to what looked like it was
(10:03):
just a career that was just getting started for for Sharmore,
the head coach of the University of Michigan Wolverines and
the football team. And I would imagine that it's it's
all of that flushed down the drain at this point.
But again, there's some really really serious accusations. There's some
(10:26):
really horrific details surrounding all of this. I'm just gonna say,
and this is something that I think goes without saying,
but I'll say it anyway. His family caught in the
middle of this, the wife and the kids. I just
can't imagine what they're going through. And this time of year,
(10:48):
it's this is something that you don't wish on anybody.
And again they're the innocence caught up you know, all
of this and still, uh, we've got more of this
story to develop and let it get out and eventually
we'll get more official word on things. We'll we'll let
you know. But as as of right now, the stuff
(11:11):
is out there. It's easy to find. I don't have
to be the one to tell you, and you can
you can quickly. I don't even think you have to
dig very deep to to get into some of that information.
But it's out there. And again, we're praying for the family,
We're praying for more and we're praying even for the
folks there in the team that are getting caught up
in the sayd got a bowl game, they got to play.
(11:31):
I mean, there's lots of unintended consequences in all of this,
and boy is that more apparent now than ever before.
A reminder, we're all walking a thin line, and man,
it can all go on a blink of an eye.
All right, folks, More on that story as the developments come. Yeah,
(11:57):
we've got We've got lots more to get to. Let's
discuss on the show this morning. We'll do that. Erica
Kirk making big headlines yesterday, marking three months since the
tragic assassination of.
Speaker 1 (12:09):
Charlie Informative in Gigee. It's West Michigan Live with Justin
Barklay on News Radio Wood thirteen hundred and one oh
six nine a FM U.
Speaker 3 (13:31):
It's a Western.
Speaker 1 (13:32):
Vision Live with Justin Barklay on News Radio Word thirteen
hundred and one oh six nine ALF and on demand
anytime on the iHeartRadio app.
Speaker 6 (13:42):
Here are your headlines from the Midwesterner this Thursday, December eleventh.
I'm Robin Hoffman. It's a Midwesterner dot News original story.
The plan is dead right now. Howell Township residents celebrating
after the data Center developer there cancels a farmland rezoning
request for one thousand acres. This move after widespread public
(14:04):
opposition to the proposed facility. The Michigan Supreme Court molls
a ban on ice arrests at state courthouses. The High
Court consists of six Democrats and one Republican, and President
Trump at the White House says he'd like to clean
up the crime in Chicago.
Speaker 3 (14:21):
Every place we go we knocked down.
Speaker 7 (14:23):
Too bad that we're not invited more into Chicago, because
we could save Chicago very quickly.
Speaker 6 (14:30):
For these stories and more, visit the Midwesterner at the
Midwesterner dot nude.
Speaker 2 (14:41):
Well, why aren't they going after these oil tankers in
Venezuela moments ago on Fox News talking about the efforts
to get Maduro to leave, And there's a couple of
reasons for that, but China, Russia and all the influence.
It's not just drugs, there's election issues as well. That's
a partially could be behind this.
Speaker 8 (15:02):
Taker regime that's friendly to the United States to be replaced,
to replace him, which is of course what the Venezuelan
people want. It's how they voted again and again, and
so that we're trying. We the United States is trying
to force him out without actually having to do something
more extreme like strikes in Venezuela or some other military
option that would be riskier to put Americans at risk.
(15:23):
But clearly that is the end state at this point.
Speaker 4 (15:26):
I want to squeeze this in sound bite number three, guys,
go ahead and roll. The President was then asked about
the Colombian president in South America.
Speaker 3 (15:34):
How do you go into the president of Colodia?
Speaker 2 (15:36):
Do you call a No.
Speaker 3 (15:39):
I haven't already thought too much about him.
Speaker 7 (15:41):
He's been fairly hostile to the United States, and I
haven't given him a lot of thought. Is he's going
to have himself some big problems if he doesn't wise up.
Columbia is producing a lot of drugs. They have cocaine factory,
he said, so make cocaine, as you know, and they
set it right into the better.
Speaker 3 (16:01):
Wise up or he'll be next.
Speaker 2 (16:03):
Interesting interesting take from from President Trump there on Fox.
By the way, I see some comments about the oil.
It's about this, about that. I think there is multiple
layers with this Venezuela thing. The other thing that and
it's pretty obvious to see as part of this is
that this is an area that's very close to the
(16:26):
United States. This is a country that has completely been
overtaken by foreign influence when it comes to Russia, Iran, China,
you know, all those all those enemies apparently of the
United States. And it's yeah, it's not just oil, folks.
We got plenty of oil. But the oil talking point
(16:49):
is one that is quickly repeated and and and it
seems simple on it. We're just going because we've done
this before, but that's that's there's a lot more going
on here than me ci. Yeah, we got to keep
all of that in mind, and we will. So coming up,
we'll dig into that story and continue with more of
what the President was saying yesterday. We'll give you the
(17:10):
details on that, plus what happened with the FED and
what you didn't see behind the scenes. Dave Galloway walks
this all through what it means for you and your
Monday Nights from Heartland Home Mortgage on West Michigan Line.
It's Wood Radio powering me and the show on the daily.
(17:36):
We've got another big event this weekend. Yes, we had
a birthday party last night, my oldest turn five. We've
got Christmas parties Galore. We went to a live Nativity
thing at Heidie's in Lall If you've never been, there's
a great place, the amazing, amazing doughnuts and the kids
love to see this. Every year they do this live
(17:56):
Nativity thing and so we went there and then we
saw the reindeer in the morning. If we're just all
over the place, plus the usual parties, you know we've
got one today, We've got the making. We're getting together
with the family making cookies.
Speaker 3 (18:11):
This week.
Speaker 2 (18:11):
We got a party to to tomorrow night with a chair.
I mean, there's just so much going on all the time,
you know what I mean, stand on your feet and
that you can't enjoy it. In comfort is a full
time job, not to mention, stay on top of the headlines. Well,
the Good Feed Store helps us do that on a
daily basis. You can reach out to them, find out
how they can help you get through whatever it is. Work, work,
(18:34):
play in comfort at the Good Feed Store. Walking today
on twenty eighth Street right in front of Costco, or
in West Nige in front of Colt and they'll take
care of you. Tell them I sent you today at
the Good Feed Store. I mean, it looks like our
good folks here, the engineers and the IT staff have
got that fixed and back up at least for the
(18:55):
time being. And then like the internet went down and
the cable went out on the TV. So it's like
a couple of things all happening at once. And if
you can hear me now, it's a miracle. So we'll
just take good advantage of that and get you the
stories behind the scenes that you won't hear anywhere else.
(19:15):
Our good friend Dave Gataway and I talked earlier this
week and we talked about this story with the FED
and what they were going to do when it comes
to ray cuts. And now we've got the headline. We
know what the ray cuts look like, Dave, but the
question is, what's the story behind this story. Dave said, yeah,
you know, I think there's more. There's more happening here
(19:37):
than meets the eye. You can read headlines and that's great,
and I've read a couple of things, but let's see
if we can dig in and pull the curtain back
a little bit. So we got this. They've taken the
rate down and cut another quarter some I'm hearing inside
the split here nine to three. Some wanted to cut
more some didn't want to cut it all, and there
(19:59):
are a couple of facts there. But what are you
hearing behind the scenes, Dave, welcome in today. We appreciate
you being here with.
Speaker 9 (20:04):
Us, Thanks for having me. And yeah, it's actually pretty
interesting because we hear a nine to three split on
the voting and we think that's rather, you know, pretty
heavy like in favor of it. And nine to three
is actually a very controversial vote when it comes to
the Fed. It's actually the most closest vote they've had
since twenty nineteen. So there's certainly some dissension among the ranks,
(20:28):
which is going to play heavily come April, you know, May,
when Powell's term is done, if he makes it through
the whole thing, which he seems pretty steadfast that he's
going to. But yeah, I guess you know, when we wish,
I wish I had a dollar for every time somebody
called me after they cut rates and asked what's the
rate now? And the truth behind that is usually that
(20:48):
rate has already come into our lending rates at least
three weeks in advance of the Fed's decision, because there's
so much speculation already knowing what the Fed's going to do.
What effects rates after that meeting? Are the comments that
come out of that, you know, the things Powell says
as far as going forward. So there's been many times
when the Fed announces a quarter rate cut and because
(21:11):
of the comments of Powell, our rates actually went up
as a result of it. So it's it's a pretty
interesting system they have. And so there's several factors going
in now as we look to the future. What are
they going to do? And it's they say they're on
a they're on a holding pattern, and I believe it's
because they have no idea how the tariffs and the
(21:32):
economy are going to work together, because they said they're
still watching the inflation numbers and they want to see
inflation come down, but they still think that there's some
heavy tariff things that are going to have a one
time hit that are going to cause some maybe some
inflation in the next quarter four months or so.
Speaker 2 (21:51):
Yeah, I heard that conversation, uh yesterday too, And it's interesting.
So when Dave's talking about the comments, Wait what happens
after they did this big He's literally standing there at
the lecter and Powell and then you get all these
reporters that are asking lots of different questions. And one
of those questions I did here was was about tariffs,
(22:14):
and one of them happened to be a boy you
talk about what a question from a reporter and I
guess you'd have to get the crystal ball out for
this one. But she said, well, what if the Supreme
Court rules against the tariffs? What what happened? Then he goes,
you know, you just kind of hear him saying, well,
I don't know. There's a number of things that we'd
have to look at, and who knows, but you, as
(22:36):
you mentioned, these are the comments that are coming after
the fact. Anything else stand out. Obviously tariffs is a
piece of this. Now the tariffs have been working to
put some deals together for trade. In one way, it's good,
but it also does throw a monkey wrench into the
economy in some places, and businesses have to try and
figure out. They got to get they got to get
(22:57):
fluid to try and figure some of this out. Is
President tries to get things back on track. We have
seen things inflation cooling a little bit. Those are those
are good signals. But what else are you seeing? And
what did you hear yesterday? When it comes to some
of those comments that we're made and what should people
take away from it.
Speaker 9 (23:19):
The big one that jumped out of me. I think
they were projecting over forty billion that they're going to
purchase in short term T bills. Yes, that does have
an effect on our lending rates. So if that comes
it looks like that's gonna start happening.
Speaker 2 (23:31):
We lost looks like we lost him again. Okay, you
know what, let me take a quick break. I'll be
right back. We'll get more into this if we can.
Coming up hearing just a little bit. I'll try and
get Dave on the phone if you can hear me.
In the meantime, got a little bit of a mixed
bag on Wall Street this morning. Acid p five hundred
falling nearing record as Oracle disappoints, drags down AI stocks.
(23:55):
That's the headline on CNBC right now. But you got
green h Nasdaq down about what was it, say, about
two hundred? But you got some green on the dout. Well,
we'll have to dig into it to find out exactly
where things are going. And as you know, it's a
fluid situation each and every day. But at Talent Wealth,
(24:18):
the folks Mike Luster and the team want to make
sure that you are taken care of and well taken
care of. Whether you want to retire today, tomorrow, ten
twenty years down the road, They're going to make sure
that you get to where you need to go. So
reach out to Mike and the team today and find
out how they can help you guarding your nest egg
dot com. They take a holistic approach to the entire situation,
(24:41):
So whether you want to do it today, tomorrow, ten
twenty years down the road, you can retire and feel
good about it instead of getting nauseous on this roller
coaster ride, if you know what I mean. See well
at night, folks at Telling Wealth, reach out today. Back
after this we'll wrap up, get you more of the
of uh God willing pray for our technical difficulties. We're
(25:04):
back next STEPPI Fuld focused on what matters to you.
Speaker 1 (25:08):
It's West Michigan Live with Justin Barclay on News Radio
one thirteen hundred and one oh six nine a f A.
And on demand anytime on the iHeartRadio app.
Speaker 6 (25:18):
Here are your headlines from the Midwesterner this Thursday, December eleventh.
I'm Robin Poffman. It's a Midwesterner Dot news original story
here in Michigan, the High Court, which leans left, weighing
an issue involving ice and arresting illegal aliens. The Michigan
Supreme Court mulling a ban on ice agents making arrests
at state courthouses. There are six Democrats and one Republican
(25:42):
on the High Court. Howell Township residents are over the
moon and celebrating after a data center developer cancels a
rezoning request for one thousand acres of farmland. This news
after widespread public opposition to the proposed facility and President
Trump with his eye on twenty two, twenty six, hoping
to keep the Republican majority in the House.
Speaker 7 (26:03):
I want to win and winning the midterms is important.
People want us to win the midterms, and I think
we have great spirit.
Speaker 3 (26:12):
We should win the midterms.
Speaker 6 (26:13):
For these stories and more, visit the Midwesterner at the
Midwesterner dot News.
Speaker 2 (26:20):
Powering through any technical issues. We got it right here,
a good print Day've got away heartland, home mortgage back
with the Fed talk and what it means for you,
interest rates and more. We've got them on the phone now,
so we should be good as far as we know,
the phone is.
Speaker 9 (26:32):
Still working working good.
Speaker 2 (26:34):
Yeah, good, good deal. So, Dave, you were just talking
about some of the most important things about what comes
out on the FED. And it's not just what they
do with the numbers, that's part of it. When it
comes to mortgage rates, a lot of that's baked in
ahead of time because of the talk about what they
might do, where things might go. You said, what's even
more important to pay attention to a lot of times
is the comments. So the comments that come after the
(26:54):
big announcement, and that's where he's asked questions fedch here
Powell's asked questions yesterday again course what he might say
that determines where things might go in the near future.
So we've heard a couple of different pieces of this,
and I think in the middle of it, we we
we we we stopped at the part where the FED
is going to be buying forty billion in US treasuries.
(27:17):
What does that indicate and what's that a signal of
right now?
Speaker 9 (27:21):
Yeah, that's a truer measure in what interest rates, as
far as we know them, mortgage rates, lending rates will
do in the short term, and that when they pump
that money into that it actually drives those rates down,
and so that was a positive comment I saw. That
tells me they're still open to cheaper money going forward,
which obviously benefits us as normal normal people, right. You know,
(27:43):
we're the ones that are using those loans. So yeah,
there were some positive comments there, and you know, the
markets coming out and we're seeing some decent movement on
that ten year treasury note. That gives us some hope
and having some more.
Speaker 2 (27:54):
Rates, that's fantastic. Anything else thumbnaill sketch of what we
learned yes today that might be helpful for folks moving
forward looking at where things are headed.
Speaker 9 (28:07):
I think, you know, it's hard because somebody said, well
I don't want to refinance now. I think maybe an
ear from now would be better. It's always worth just
looking at those options and knowing and you know, you
are seeing a site slow down in the in the
housing market too, so homes on the market, how long
they're going to be there? Now, that's that's beneficial for
the buyer, right It's like, hey, there's less competition, doesn't
(28:31):
mean it's easy right now. It's not certainly not a
buyer's market. I'm not saying that but it is it
has slowed down a bit. Homes are sitting on the
market a little bit longer. And if you're somebody that's
looking at well, if I refinance, I have a ton
of equity. That equity, you know, can give you a
better rate, It can give you some cash out to
work with the payoff high interest bills. And so now
is a great time to do that because those values
(28:51):
still are high, and so just just a lot of
options out there to save money. You're seeing a point
in the history when credit cards are at the highest
interest rate of time. They're also at the highest balance
of all time of what Americans are holding in consumer death.
Speaker 2 (29:07):
Yeah. So if I hear what you're saying, and you know,
we did talk the other day when it comes to
these rights and particularly mortgage et cetera, there may be
a point with the available homes on the market, et cetera,
that it actually is more advantageous that you got something
done to day. I mean, I as that's why everybody
(29:29):
is different. And you mentioned, hey, you should probably reach
out if you have questions and get yourself ready for
when it does it does come our way. We got
a couple of things on the horizon you're looking at
that that are going to impact home prices.
Speaker 9 (29:45):
Yeah, yeah, there's a lot. One thing people don't realize
is we're there's a little bit of a cliff if
you look at it as far as values for where
we could be looking at those going. And that's just
the historical measures. So if you look at a graph
I shared that with you the other day, there's some
interesting data coming out as far as what values could
potentially doing. And also the number of delinquencies we have
(30:07):
in the market. You know, that's that's a lot of
what we'll drive down the values, drive down interest rates
is if you know, unfortunately when homes do go into
foreclosure delinquency payments that I believe the statistic is ten
percent of all FAHA loans are in delinquency, not foreclosure,
but late on payments. And so that's a pretty pretty
you know, it's the number that jumps off the page
(30:29):
that you don't really see that out there much, but
it's it's a big one.
Speaker 2 (30:32):
What about auto loans.
Speaker 9 (30:35):
Yeah, that's another good one. Auto loans are performing terribly
right now and that industry is facing some pretty interesting challenges.
Believe there it's a huge number I don't remember the
percent of auto loans that are that are in delinquency,
but when auto loans start to go when people start
to lose their cars, that's a huge deal because that's
(30:57):
usually the last thing they'll go late on because they
have to get from A to B. And so when
those loans go behind, it can that's a that's a
really telling sign. And so you know, one thing it
tells you is if you have equity in your home,
it can stay you from going into some of these
financial disasters because you're struggling with the portability. You can
use that to your advantage, and we've seen many of
(31:18):
many of your listeners do that and put themselves in
a better situation.
Speaker 2 (31:21):
I rEFInd adds home equity a line of credit that
can help you in any number of ways which you
might want to find out what's best for you. If
you reach out to Heartland Home Mortgage h HM lending
dot com is the website Dave Galloway and the team.
They're kind of a really a heart of a teacher
to walk you through those They've I've heard of a
number of stories about how they've helped people, say, thousands
(31:42):
that listen to this program. But the other thing is
also that they'll tell you, you know, hey, you may want
to try this, or maybe it's not the right time
for this, let's do this.
Speaker 4 (31:50):
Uh.
Speaker 2 (31:51):
And they're open with those with those with those things
can you're not afraid to point you in the right direction.
So we love that and that's why we trust David
the truth. Thank you so much, Dave for the latest stuff.
They we'll have to have you come back as things
continue to shake up.
Speaker 9 (32:04):
Yeah, thanks for having me. If I don't talk to
you guys sooner, have a merry Christmas.
Speaker 2 (32:08):
Merry Christmas, my friend you two and I said shake up,
and I I should say, I probably didn't mean that.
I don't want things to shake anymore up. I would
like them a shake out, especially the day with the
technical issues we've had here today. But they're working behind
us scenes really hard to get things back on and
keep things on the air today. So hats off to
(32:28):
our engineering staff and the IT folks and making things
work here. Obviously, it's you just never know when things happen.
They can happen very quickly here, and we appreciate your
patience too. If you're trying to let us pick us
pick us up or or wherever you are streaming the AM,
the F and there are a number of options the
(32:49):
iHeartRadio app. But sometimes when everything goes down, you're kind
of left with like, well, what's next. I don't know,
But that's why we are a number of places we
stream the show. The Behind It Lie's live stream each
and every day, Facebook, Twitter, x, rumble Getter locals. We
do the iHeartRadio app or live and archive there where
you can listen to the podcast as well, so you
(33:10):
can go back later on in the day if you
missed anything. That's another great way because we've recorded it
all here, so it'll be all up for you a
little bit later on and you can catch up that
way as well. And then the old fashioned way right
the AM and the FM. We've got both of those
options for you and available in the meantime. Thanks to
the folks at the Good feed Store again for powering
(33:32):
the program today and every day they make this show happen.
You're starting to think about New Year's resolutions, this is
the time to get geared up. Walk into the Good
feed Store today and find out how good you can feel.
Just think about it. You don't have to be uncomfortable
propping your feet up every day in the afternoon because
(33:53):
you've been on them all day long, whether it's worker play,
you can feel better each and every day, more comfortable
and able to do all the things that you really
truly enjoy and want to do. But your first step
is the Good Feed Store, So make sure you walk
in and see them today and they can make sure
(34:13):
that you're well taken care of after the show. Here
the after show today, we got a couple of big
things lined up for you. Tucker weighing in on Charlie
Kirk's assassination. He's yet to do this. This is the
first time he's really spoken out about it, and it's
interesting to see what he's had to say. The other
issue we're seeing is Erica Kirk on that book tour
(34:34):
for the new book that Charlie had written in is
being released right now. That book, I believe is out now,
and she made the rounds on all these different places.
In fact, today, she'll be on the Glenn Back program
I think coming up this next hour if you want
to listen. But she said some things on Fox News
yesterday that I think turned some heads. She's definitely made
(34:59):
some news and you'll hear about that in some of
the other big stories that are happening behind the scenes
as well, So look forward to that coming up in
just moments as we kick things off with the show
After the Show, that's why we call it the After Show,
by the way right here, and the Glenn Back Program
(35:20):
coming up next in the meantime, we wish you the best,
make it a good one, folks. God bless
By from higha top Monroe Center in downtown Grand Rapids.
We're talking about what matters most to you when West
Michigan joined the conversation. Now at six one six seven
seven four twenty four twenty four. At six one six
seven seven four twenty four twenty four, it's West Michigan
Live with Justin Barklay on Wood Radio RADIOW.
Speaker 2 (00:21):
Welcome man, it is another big one, a day full
of headlines. We will make sense of it all for you,
So don't go anywhere. You're gonna want to stick with us.
You know, we get big news out of the Fed yesterday. Raightcuts. Yeah,
the ray cuts the big headline, but their story behind
(00:45):
the story that you're gonna want to hear about. In fact,
I want to share that with you. Coming up. Our
good friend Dave Galloway says, Yeah, that's one thing you
can see is the the headline on the ray cut,
But it's what's happening behind the scenes, what matters.
Speaker 3 (01:00):
Trust stories of the day.
Speaker 1 (01:04):
We were talking about what matters most in West Michigan and beyond.
This is the Big Three.
Speaker 3 (01:12):
Now say speak free and.
Speaker 2 (01:13):
That we'll cut through the noise the clutter to break
it all down for you. Coming up at about nine
to thirty five this morning with our good friend Dave
Gataway in the meantime, Heartland Homework each and Dave powering
our Big three each and every day you want to
buy refine on equity line of credit, they'll give you
all the details, the scoop as it were, what you
(01:36):
need to know. Look it it's been I don't know
years now, but I've been telling you about the folks
at Heartland Homeworks. When I first told you, I said,
there's never been a better time to buy or refine.
And then we went through a bit of an off
period where folks got those rates so good. You know,
you saved thousands if you listen to that advice. Now
(01:58):
is the time to reach out again and see if
they can save well other folks. Maybe you're in that boat.
Things are heating up, and he'll give you advice today
or anytime you reach out of HHM lending dot com
faster better than the big banks. They've got Away on
the team standing by to make sure they take care
(02:20):
of you.
Speaker 3 (02:20):
Well.
Speaker 2 (02:21):
They've seized a tanker. It's it's a big one. It's
one of the biggest stories of the day. In fact,
a tanker seized from Venezuela, Holy smokes full of oil.
And now they're calling Trump a pirate, which I kind
of like because I can see him getting into it.
(02:42):
I can see the memes coming already with the eye
patch and the rest of it. You know, maybe they'll
make him look like Johnny Depp at some point. I
just I can't wait to see. I can't wait to
see what they end up doing with this. Well, it's
it's well, there's more to the story. Let me just
put it that way. Didn't what they're telling us forces
(03:04):
have grabbed this giant sanctioned tanker. That's the key word,
and the word i'd say mostly being left out of
all the reporting on this. This whale coming from Venezuela
headed to Iran is sanctioned and they have been sort
of flying under the radar for quite some time now.
(03:26):
There's roughly one point eight million barrels on board the
crew there headed towards Cuba. Trump shrugging the America would
keep the oil, Maduro raging, calling it piracy. As I mentioned,
I cannot wait to see what they're going to do
with these, with these memes. But if they sanctioned the
oil and the tanker was flying a false flag, and
(03:50):
they were using other maneuvers and strategies to evade detection.
Sounds like Venezuela isn't as clean as they want to
appear in the news media. Would like for you to
think as well, critical context to a story that's probably
missing most of the other places you hear it. Reported
(04:12):
FED taking a quarter yesterday. Interest rates now in the
cut three and a half to three and three quarter percent,
the lowest in nearly three years, third cut in a row.
Inflation about two point eight percent. Job market is cooling,
so they say they're trying to protect jobs on prices
are still high. The committee sharply split, though some wanted
a bigger cut, some wanted no cut at all. FED
(04:35):
also about to start buying forty billion in the US
treasuries again. Dave Gataway breaks it all down, having up
at nine to thirty five, and they got a couple
of bills about to hit the floor right now. Democrats
want to extend Obamacare subs as the expanded subs that
he's under the Biden administration for the next three years.
Republicans have a plan, though, to send money straight to
(04:56):
you in sort of an HSA account, both of those
making their way either to the floor and up for
a vote at some point. And it's gonna get funky
soon if you If you think it already hasn't, just
wait there's more all right, back in in into it,
(05:21):
into the swing of things with stories. Yes, I've got
the big U of M story. I want to tell
you a little bit about it and a little bit
about what you're not hearing just yet. So stand by
for the latest in just moments, and you can join
the program at any time. Jump on the horn or
on the iHeartRadio app, click that little microphone button next
(05:41):
to a play button and let.
Speaker 1 (05:42):
It Ripcall Justin now at six one six seven seven
twenty four twenty four. That's six one six seven seven
twenty four twenty four West Michigan Live with Justin Barclay
on News Radio Wood thirteen hundred and one oh six
nine f M.
Speaker 2 (05:57):
Yes, I I've seen the headlines and it's a heck
of a story. Out of a job and in jail
the head coach of the University of Michigan and apparently
an inappropriate relationship with a staff member. What we're learning
about who it was, and what exactly they're up to
(06:19):
is well, I s that's more and more of the
story continues to peel pour out. There's just little bits
and pieces on places like Twitter, but that's nothing really
massive confirmed when it comes to police reports and full
story from the There are pieces of this that you're
(06:41):
gonna hear, and then you're gonna hear more and more
of it. I will just tell you this, It is
one of the saddest. It is one of the most
unfortunate stories that you're gonna hear, maybe not just in sports,
but in the news altogether. A guy who seemingly had
it on the surface, all had it all, and lost
it in one just blink of an eye. Jeron Moore.
(07:10):
It's interesting because the Bible warns about this type of
thing and how quickly, how quickly things can turn, and
how bad it can get. So apparently, from what we know,
there was an individual he was having a relationship with
on the staff. Looks like some sort of promotion occurred
(07:32):
out of it. I've got to talk around it because
I'm just not sure exactly officially what canon cannot be
said at this point. And there's there's there's you're going
to hear it from lots of other people today, So
it really doesn't matter whether you hear it from me first.
I'd rather be right than then than than wrong on
(07:54):
some of this. Here's ESPN with a little bit of this.
I want to say, this was probably yesterday, last evening.
Speaker 4 (08:02):
Which you have been reporting throughout the day. Let's work
our way backwards with the timeline, which now includes a
police report that sheds a bit of light. What do
you understand about that timeline? As I say, working our
way backwards.
Speaker 5 (08:15):
Okay, So Michigan concluded an investigation into Sharon Moore earlier
Wednesday and determined with credible evidence that he had had
a inappropriate relationship with a staff member against university policy
and his own contract, and he was immediately fired for cause.
Speaker 2 (08:34):
But he's also in jail too. This is another piece
of this that just makes the whole thing get even crazy.
Rumors have been flying for the last week or maybe
more about this, and it's just now sort of coming
to light.
Speaker 5 (08:48):
Soon after that, at about four to ten pm, a
Pittsfield Township police just outside ann Arbor responded to a
call to residents where they were there to investigate an
alleged assault. Sharon Moore had left the place at that
time and was later detained, as you said, by the
Saline Police Department, which is another town a little bit
(09:12):
outside of ann Arbor, which then brought him back to
Pittsfield Township at eight forty tonight or eight thirty tonight.
Speaker 2 (09:20):
I'm sorry.
Speaker 5 (09:20):
He was brought to the Washingtaw County Jail where he
is in custody due to the alleged assault, and actual
charges will be determined by the Washingtaw County Prosecutor's Office
in the next day or so.
Speaker 4 (09:37):
All right, So those are the very serious issues.
Speaker 2 (09:40):
Now, there's lots of rumor and innuendo, and again I'm
not going to add into all of it just yet
because you'll hear more and it doesn't matter whether you
hear it from me or, like I said, anyone else.
At this point, there's lots of this stuff flying around
on the internet and it is just one of the
most absolutely tragedy endings to what looked like it was
(10:03):
just a career that was just getting started for for Sharmore,
the head coach of the University of Michigan Wolverines and
the football team. And I would imagine that it's it's
all of that flushed down the drain at this point.
But again, there's some really really serious accusations. There's some
(10:26):
really horrific details surrounding all of this. I'm just gonna say,
and this is something that I think goes without saying,
but I'll say it anyway. His family caught in the
middle of this, the wife and the kids. I just
can't imagine what they're going through. And this time of year,
(10:48):
it's this is something that you don't wish on anybody.
And again they're the innocence caught up you know, all
of this and still, uh, we've got more of this
story to develop and let it get out and eventually
we'll get more official word on things. We'll we'll let
you know. But as as of right now, the stuff
(11:11):
is out there. It's easy to find. I don't have
to be the one to tell you, and you can
you can quickly. I don't even think you have to
dig very deep to to get into some of that information.
But it's out there. And again, we're praying for the family,
We're praying for more and we're praying even for the
folks there in the team that are getting caught up
in the sayd got a bowl game, they got to play.
(11:31):
I mean, there's lots of unintended consequences in all of this,
and boy is that more apparent now than ever before.
A reminder, we're all walking a thin line, and man,
it can all go on a blink of an eye.
All right, folks, More on that story as the developments come. Yeah,
(11:57):
we've got We've got lots more to get to. Let's
discuss on the show this morning. We'll do that. Erica
Kirk making big headlines yesterday, marking three months since the
tragic assassination of.
Speaker 1 (12:09):
Charlie Informative in Gigee. It's West Michigan Live with Justin
Barklay on News Radio Wood thirteen hundred and one oh
six nine a FM U.
Speaker 3 (13:31):
It's a Western.
Speaker 1 (13:32):
Vision Live with Justin Barklay on News Radio Word thirteen
hundred and one oh six nine ALF and on demand
anytime on the iHeartRadio app.
Speaker 6 (13:42):
Here are your headlines from the Midwesterner this Thursday, December eleventh.
I'm Robin Hoffman. It's a Midwesterner dot News original story.
The plan is dead right now. Howell Township residents celebrating
after the data Center developer there cancels a farmland rezoning
request for one thousand acres. This move after widespread public
(14:04):
opposition to the proposed facility. The Michigan Supreme Court molls
a ban on ice arrests at state courthouses. The High
Court consists of six Democrats and one Republican, and President
Trump at the White House says he'd like to clean
up the crime in Chicago.
Speaker 3 (14:21):
Every place we go we knocked down.
Speaker 7 (14:23):
Too bad that we're not invited more into Chicago, because
we could save Chicago very quickly.
Speaker 6 (14:30):
For these stories and more, visit the Midwesterner at the
Midwesterner dot nude.
Speaker 2 (14:41):
Well, why aren't they going after these oil tankers in
Venezuela moments ago on Fox News talking about the efforts
to get Maduro to leave, And there's a couple of
reasons for that, but China, Russia and all the influence.
It's not just drugs, there's election issues as well. That's
a partially could be behind this.
Speaker 8 (15:02):
Taker regime that's friendly to the United States to be replaced,
to replace him, which is of course what the Venezuelan
people want. It's how they voted again and again, and
so that we're trying. We the United States is trying
to force him out without actually having to do something
more extreme like strikes in Venezuela or some other military
option that would be riskier to put Americans at risk.
(15:23):
But clearly that is the end state at this point.
Speaker 4 (15:26):
I want to squeeze this in sound bite number three, guys,
go ahead and roll. The President was then asked about
the Colombian president in South America.
Speaker 3 (15:34):
How do you go into the president of Colodia?
Speaker 2 (15:36):
Do you call a No.
Speaker 3 (15:39):
I haven't already thought too much about him.
Speaker 7 (15:41):
He's been fairly hostile to the United States, and I
haven't given him a lot of thought. Is he's going
to have himself some big problems if he doesn't wise up.
Columbia is producing a lot of drugs. They have cocaine factory,
he said, so make cocaine, as you know, and they
set it right into the better.
Speaker 3 (16:01):
Wise up or he'll be next.
Speaker 2 (16:03):
Interesting interesting take from from President Trump there on Fox.
By the way, I see some comments about the oil.
It's about this, about that. I think there is multiple
layers with this Venezuela thing. The other thing that and
it's pretty obvious to see as part of this is
that this is an area that's very close to the
(16:26):
United States. This is a country that has completely been
overtaken by foreign influence when it comes to Russia, Iran, China,
you know, all those all those enemies apparently of the
United States. And it's yeah, it's not just oil, folks.
We got plenty of oil. But the oil talking point
(16:49):
is one that is quickly repeated and and and it
seems simple on it. We're just going because we've done
this before, but that's that's there's a lot more going
on here than me ci. Yeah, we got to keep
all of that in mind, and we will. So coming up,
we'll dig into that story and continue with more of
what the President was saying yesterday. We'll give you the
(17:10):
details on that, plus what happened with the FED and
what you didn't see behind the scenes. Dave Galloway walks
this all through what it means for you and your
Monday Nights from Heartland Home Mortgage on West Michigan Line.
It's Wood Radio powering me and the show on the daily.
(17:36):
We've got another big event this weekend. Yes, we had
a birthday party last night, my oldest turn five. We've
got Christmas parties Galore. We went to a live Nativity
thing at Heidie's in Lall If you've never been, there's
a great place, the amazing, amazing doughnuts and the kids
love to see this. Every year they do this live
(17:56):
Nativity thing and so we went there and then we
saw the reindeer in the morning. If we're just all
over the place, plus the usual parties, you know we've
got one today, We've got the making. We're getting together
with the family making cookies.
Speaker 3 (18:11):
This week.
Speaker 2 (18:11):
We got a party to to tomorrow night with a chair.
I mean, there's just so much going on all the time,
you know what I mean, stand on your feet and
that you can't enjoy it. In comfort is a full
time job, not to mention, stay on top of the headlines. Well,
the Good Feed Store helps us do that on a
daily basis. You can reach out to them, find out
how they can help you get through whatever it is. Work, work,
(18:34):
play in comfort at the Good Feed Store. Walking today
on twenty eighth Street right in front of Costco, or
in West Nige in front of Colt and they'll take
care of you. Tell them I sent you today at
the Good Feed Store. I mean, it looks like our
good folks here, the engineers and the IT staff have
got that fixed and back up at least for the
(18:55):
time being. And then like the internet went down and
the cable went out on the TV. So it's like
a couple of things all happening at once. And if
you can hear me now, it's a miracle. So we'll
just take good advantage of that and get you the
stories behind the scenes that you won't hear anywhere else.
(19:15):
Our good friend Dave Gataway and I talked earlier this
week and we talked about this story with the FED
and what they were going to do when it comes
to ray cuts. And now we've got the headline. We
know what the ray cuts look like, Dave, but the
question is, what's the story behind this story. Dave said, yeah,
you know, I think there's more. There's more happening here
(19:37):
than meets the eye. You can read headlines and that's great,
and I've read a couple of things, but let's see
if we can dig in and pull the curtain back
a little bit. So we got this. They've taken the
rate down and cut another quarter some I'm hearing inside
the split here nine to three. Some wanted to cut
more some didn't want to cut it all, and there
(19:59):
are a couple of facts there. But what are you
hearing behind the scenes, Dave, welcome in today. We appreciate
you being here with.
Speaker 9 (20:04):
Us, Thanks for having me. And yeah, it's actually pretty
interesting because we hear a nine to three split on
the voting and we think that's rather, you know, pretty
heavy like in favor of it. And nine to three
is actually a very controversial vote when it comes to
the Fed. It's actually the most closest vote they've had
since twenty nineteen. So there's certainly some dissension among the ranks,
(20:28):
which is going to play heavily come April, you know, May,
when Powell's term is done, if he makes it through
the whole thing, which he seems pretty steadfast that he's
going to. But yeah, I guess you know, when we wish,
I wish I had a dollar for every time somebody
called me after they cut rates and asked what's the
rate now? And the truth behind that is usually that
(20:48):
rate has already come into our lending rates at least
three weeks in advance of the Fed's decision, because there's
so much speculation already knowing what the Fed's going to do.
What effects rates after that meeting? Are the comments that
come out of that, you know, the things Powell says
as far as going forward. So there's been many times
when the Fed announces a quarter rate cut and because
(21:11):
of the comments of Powell, our rates actually went up
as a result of it. So it's it's a pretty
interesting system they have. And so there's several factors going
in now as we look to the future. What are
they going to do? And it's they say they're on
a they're on a holding pattern, and I believe it's
because they have no idea how the tariffs and the
(21:32):
economy are going to work together, because they said they're
still watching the inflation numbers and they want to see
inflation come down, but they still think that there's some
heavy tariff things that are going to have a one
time hit that are going to cause some maybe some
inflation in the next quarter four months or so.
Speaker 2 (21:51):
Yeah, I heard that conversation, uh yesterday too, And it's interesting.
So when Dave's talking about the comments, Wait what happens
after they did this big He's literally standing there at
the lecter and Powell and then you get all these
reporters that are asking lots of different questions. And one
of those questions I did here was was about tariffs,
(22:14):
and one of them happened to be a boy you
talk about what a question from a reporter and I
guess you'd have to get the crystal ball out for
this one. But she said, well, what if the Supreme
Court rules against the tariffs? What what happened? Then he goes,
you know, you just kind of hear him saying, well,
I don't know. There's a number of things that we'd
have to look at, and who knows, but you, as
(22:36):
you mentioned, these are the comments that are coming after
the fact. Anything else stand out. Obviously tariffs is a
piece of this. Now the tariffs have been working to
put some deals together for trade. In one way, it's good,
but it also does throw a monkey wrench into the
economy in some places, and businesses have to try and
figure out. They got to get they got to get
(22:57):
fluid to try and figure some of this out. Is
President tries to get things back on track. We have
seen things inflation cooling a little bit. Those are those
are good signals. But what else are you seeing? And
what did you hear yesterday? When it comes to some
of those comments that we're made and what should people
take away from it.
Speaker 9 (23:19):
The big one that jumped out of me. I think
they were projecting over forty billion that they're going to
purchase in short term T bills. Yes, that does have
an effect on our lending rates. So if that comes
it looks like that's gonna start happening.
Speaker 2 (23:31):
We lost looks like we lost him again. Okay, you
know what, let me take a quick break. I'll be
right back. We'll get more into this if we can.
Coming up hearing just a little bit. I'll try and
get Dave on the phone if you can hear me.
In the meantime, got a little bit of a mixed
bag on Wall Street this morning. Acid p five hundred
falling nearing record as Oracle disappoints, drags down AI stocks.
(23:55):
That's the headline on CNBC right now. But you got
green h Nasdaq down about what was it, say, about
two hundred? But you got some green on the dout. Well,
we'll have to dig into it to find out exactly
where things are going. And as you know, it's a
fluid situation each and every day. But at Talent Wealth,
(24:18):
the folks Mike Luster and the team want to make
sure that you are taken care of and well taken
care of. Whether you want to retire today, tomorrow, ten
twenty years down the road, They're going to make sure
that you get to where you need to go. So
reach out to Mike and the team today and find
out how they can help you guarding your nest egg
dot com. They take a holistic approach to the entire situation,
(24:41):
So whether you want to do it today, tomorrow, ten
twenty years down the road, you can retire and feel
good about it instead of getting nauseous on this roller
coaster ride, if you know what I mean. See well
at night, folks at Telling Wealth, reach out today. Back
after this we'll wrap up, get you more of the
of uh God willing pray for our technical difficulties. We're
(25:04):
back next STEPPI Fuld focused on what matters to you.
Speaker 1 (25:08):
It's West Michigan Live with Justin Barclay on News Radio
one thirteen hundred and one oh six nine a f A.
And on demand anytime on the iHeartRadio app.
Speaker 6 (25:18):
Here are your headlines from the Midwesterner this Thursday, December eleventh.
I'm Robin Poffman. It's a Midwesterner Dot news original story
here in Michigan, the High Court, which leans left, weighing
an issue involving ice and arresting illegal aliens. The Michigan
Supreme Court mulling a ban on ice agents making arrests
at state courthouses. There are six Democrats and one Republican
(25:42):
on the High Court. Howell Township residents are over the
moon and celebrating after a data center developer cancels a
rezoning request for one thousand acres of farmland. This news
after widespread public opposition to the proposed facility and President
Trump with his eye on twenty two, twenty six, hoping
to keep the Republican majority in the House.
Speaker 7 (26:03):
I want to win and winning the midterms is important.
People want us to win the midterms, and I think
we have great spirit.
Speaker 3 (26:12):
We should win the midterms.
Speaker 6 (26:13):
For these stories and more, visit the Midwesterner at the
Midwesterner dot News.
Speaker 2 (26:20):
Powering through any technical issues. We got it right here,
a good print Day've got away heartland, home mortgage back
with the Fed talk and what it means for you,
interest rates and more. We've got them on the phone now,
so we should be good as far as we know,
the phone is.
Speaker 9 (26:32):
Still working working good.
Speaker 2 (26:34):
Yeah, good, good deal. So, Dave, you were just talking
about some of the most important things about what comes
out on the FED. And it's not just what they
do with the numbers, that's part of it. When it
comes to mortgage rates, a lot of that's baked in
ahead of time because of the talk about what they
might do, where things might go. You said, what's even
more important to pay attention to a lot of times
is the comments. So the comments that come after the
(26:54):
big announcement, and that's where he's asked questions fedch here
Powell's asked questions yesterday again course what he might say
that determines where things might go in the near future.
So we've heard a couple of different pieces of this,
and I think in the middle of it, we we
we we we stopped at the part where the FED
is going to be buying forty billion in US treasuries.
(27:17):
What does that indicate and what's that a signal of
right now?
Speaker 9 (27:21):
Yeah, that's a truer measure in what interest rates, as
far as we know them, mortgage rates, lending rates will
do in the short term, and that when they pump
that money into that it actually drives those rates down,
and so that was a positive comment I saw. That
tells me they're still open to cheaper money going forward,
which obviously benefits us as normal normal people, right. You know,
(27:43):
we're the ones that are using those loans. So yeah,
there were some positive comments there, and you know, the
markets coming out and we're seeing some decent movement on
that ten year treasury note. That gives us some hope
and having some more.
Speaker 2 (27:54):
Rates, that's fantastic. Anything else thumbnaill sketch of what we
learned yes today that might be helpful for folks moving
forward looking at where things are headed.
Speaker 9 (28:07):
I think, you know, it's hard because somebody said, well
I don't want to refinance now. I think maybe an
ear from now would be better. It's always worth just
looking at those options and knowing and you know, you
are seeing a site slow down in the in the
housing market too, so homes on the market, how long
they're going to be there? Now, that's that's beneficial for
the buyer, right It's like, hey, there's less competition, doesn't
(28:31):
mean it's easy right now. It's not certainly not a
buyer's market. I'm not saying that but it is it
has slowed down a bit. Homes are sitting on the
market a little bit longer. And if you're somebody that's
looking at well, if I refinance, I have a ton
of equity. That equity, you know, can give you a
better rate, It can give you some cash out to
work with the payoff high interest bills. And so now
is a great time to do that because those values
(28:51):
still are high, and so just just a lot of
options out there to save money. You're seeing a point
in the history when credit cards are at the highest
interest rate of time. They're also at the highest balance
of all time of what Americans are holding in consumer death.
Speaker 2 (29:07):
Yeah. So if I hear what you're saying, and you know,
we did talk the other day when it comes to
these rights and particularly mortgage et cetera, there may be
a point with the available homes on the market, et cetera,
that it actually is more advantageous that you got something
done to day. I mean, I as that's why everybody
(29:29):
is different. And you mentioned, hey, you should probably reach
out if you have questions and get yourself ready for
when it does it does come our way. We got
a couple of things on the horizon you're looking at
that that are going to impact home prices.
Speaker 9 (29:45):
Yeah, yeah, there's a lot. One thing people don't realize
is we're there's a little bit of a cliff if
you look at it as far as values for where
we could be looking at those going. And that's just
the historical measures. So if you look at a graph
I shared that with you the other day, there's some
interesting data coming out as far as what values could
potentially doing. And also the number of delinquencies we have
(30:07):
in the market. You know, that's that's a lot of
what we'll drive down the values, drive down interest rates
is if you know, unfortunately when homes do go into
foreclosure delinquency payments that I believe the statistic is ten
percent of all FAHA loans are in delinquency, not foreclosure,
but late on payments. And so that's a pretty pretty
you know, it's the number that jumps off the page
(30:29):
that you don't really see that out there much, but
it's it's a big one.
Speaker 2 (30:32):
What about auto loans.
Speaker 9 (30:35):
Yeah, that's another good one. Auto loans are performing terribly
right now and that industry is facing some pretty interesting challenges.
Believe there it's a huge number I don't remember the
percent of auto loans that are that are in delinquency,
but when auto loans start to go when people start
to lose their cars, that's a huge deal because that's
(30:57):
usually the last thing they'll go late on because they
have to get from A to B. And so when
those loans go behind, it can that's a that's a
really telling sign. And so you know, one thing it
tells you is if you have equity in your home,
it can stay you from going into some of these
financial disasters because you're struggling with the portability. You can
use that to your advantage, and we've seen many of
(31:18):
many of your listeners do that and put themselves in
a better situation.
Speaker 2 (31:21):
I rEFInd adds home equity a line of credit that
can help you in any number of ways which you
might want to find out what's best for you. If
you reach out to Heartland Home Mortgage h HM lending
dot com is the website Dave Galloway and the team.
They're kind of a really a heart of a teacher
to walk you through those They've I've heard of a
number of stories about how they've helped people, say, thousands
(31:42):
that listen to this program. But the other thing is
also that they'll tell you, you know, hey, you may want
to try this, or maybe it's not the right time
for this, let's do this.
Speaker 4 (31:50):
Uh.
Speaker 2 (31:51):
And they're open with those with those with those things
can you're not afraid to point you in the right direction.
So we love that and that's why we trust David
the truth. Thank you so much, Dave for the latest stuff.
They we'll have to have you come back as things
continue to shake up.
Speaker 9 (32:04):
Yeah, thanks for having me. If I don't talk to
you guys sooner, have a merry Christmas.
Speaker 2 (32:08):
Merry Christmas, my friend you two and I said shake up,
and I I should say, I probably didn't mean that.
I don't want things to shake anymore up. I would
like them a shake out, especially the day with the
technical issues we've had here today. But they're working behind
us scenes really hard to get things back on and
keep things on the air today. So hats off to
(32:28):
our engineering staff and the IT folks and making things
work here. Obviously, it's you just never know when things happen.
They can happen very quickly here, and we appreciate your
patience too. If you're trying to let us pick us
pick us up or or wherever you are streaming the AM,
the F and there are a number of options the
(32:49):
iHeartRadio app. But sometimes when everything goes down, you're kind
of left with like, well, what's next. I don't know,
But that's why we are a number of places we
stream the show. The Behind It Lie's live stream each
and every day, Facebook, Twitter, x, rumble Getter locals. We
do the iHeartRadio app or live and archive there where
you can listen to the podcast as well, so you
(33:10):
can go back later on in the day if you
missed anything. That's another great way because we've recorded it
all here, so it'll be all up for you a
little bit later on and you can catch up that
way as well. And then the old fashioned way right
the AM and the FM. We've got both of those
options for you and available in the meantime. Thanks to
the folks at the Good feed Store again for powering
(33:32):
the program today and every day they make this show happen.
You're starting to think about New Year's resolutions, this is
the time to get geared up. Walk into the Good
feed Store today and find out how good you can feel.
Just think about it. You don't have to be uncomfortable
propping your feet up every day in the afternoon because
(33:53):
you've been on them all day long, whether it's worker play,
you can feel better each and every day, more comfortable
and able to do all the things that you really
truly enjoy and want to do. But your first step
is the Good Feed Store, So make sure you walk
in and see them today and they can make sure
(34:13):
that you're well taken care of after the show. Here
the after show today, we got a couple of big
things lined up for you. Tucker weighing in on Charlie
Kirk's assassination. He's yet to do this. This is the
first time he's really spoken out about it, and it's
interesting to see what he's had to say. The other
issue we're seeing is Erica Kirk on that book tour
(34:34):
for the new book that Charlie had written in is
being released right now. That book, I believe is out now,
and she made the rounds on all these different places.
In fact, today, she'll be on the Glenn Back program
I think coming up this next hour if you want
to listen. But she said some things on Fox News
yesterday that I think turned some heads. She's definitely made
(34:59):
some news and you'll hear about that in some of
the other big stories that are happening behind the scenes
as well, So look forward to that coming up in
just moments as we kick things off with the show
After the Show, that's why we call it the After Show,
by the way right here, and the Glenn Back Program
(35:20):
coming up next in the meantime, we wish you the best,
make it a good one, folks. God bless
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